Automotive Shop With Vehicle
For Sale
$175,000
1705 Broadway, Schenectady, NY 12306
Business Opportunity, Schenectady, NY
Property Size1,400 SF
Lot Size0.11 Acres
Price / SF$125
Days on Market58
Property Features for 1705 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Broadway
Standard status
Active
Size
1,400 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
3500
Utilities
Water source
Public
Listing Agency:
REALTY ONE GROUP KEY
(518) 630-0360
Listed By:
Leah Witko · License #10401256547
(518) 649-7505
Added: Jul 10
Changed: Sep 2
Last Checked: Sep 5 at 7:06AM
MLS# 11877911
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering combines an automotive repair business with vehicle sales activity. The building contains 1,400 square feet on a 0.11-acre site, with public water serving the property. The transaction includes a leaseback structure with NNN lease terms.
Located at 1705 Broadway in Schenectady, New York, the property places both automotive functions at one address. The asset offers a focused commercial configuration for repair operations and vehicle sales, with the underlying business included in the offering.
Located at 1705 Broadway in Schenectady, New York, the property places both automotive functions at one address. The asset offers a focused commercial configuration for repair operations and vehicle sales, with the underlying business included in the offering.
Key Highlights
- Automotive repair business with vehicle sales activity
- 1,400‑square‑foot building on a 0.11‑acre site
- Located at 1705 Broadway, Schenectady, NY 12306
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,659
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$173,180
$173.2K
Cap Rate 7%
$123,700
$123.7K
Cap Rate 9%
$96,211
$96.2K
Market Conditions
NOI Build-Up for 1,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.3K $9.48/SF
− Vacancy
−$902 −$0.64/SF
EGI
$12.4K $8.84/SF
− OpEx
−$3.7K −$2.65/SF
NOI
$8.7K $6.18/SF
Area
Schenectady County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$173,180
Cap Rate 7%
$123,700
Cap Rate 9%
$96,211
Alternative Uses
Best Use
Retail
$241.4K
$211.2K – $281.7K
NOI $16,899 @ 7.0% cap · market cap 9.66%
Second Best
Industrial
$123.7K
$108.2K – $144.3K
NOI $8,659 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$419.0K
$366.7K – $488.9K
NOI $29,333 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Caruso's Auto Repair Inc. — 1310 Helderberg Ave, Schenectady, NY 12306
- The Shady Bros Window Tinting — 419 Westside Ave, Schenectady, NY 12306
- R & R Auto Repair And Sales — 556 Notre Dame St, Schenectady, NY 12306
- TJ's Auto Sales & Repairs — 566 Notre Dame St, Rotterdam, NY 12306
- Mancini's Auto Body — 2331 Guilderland Ave, Schenectady, NY 12306
Frequently Asked Questions
What type of property is this?
Auto shop - The offering combines automotive repair space with vehicle sales use on a compact commercial site.
Where is this auto shop located?
The property is located at 1705 Broadway Schenectady, NY.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Automotive repair business with vehicle sales activity; 1,400‑square‑foot building on a 0.11‑acre site; Located at 1705 Broadway, Schenectady, NY 12306
